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Bathhouse Turned Studio and Event Space Trades in East Village
Cushman & Wakefield has arranged the sale of 538 E. 11th St., a 14,000-square-foot multilevel studio and event space known as Bathhouse Studios in the East Village. The final closing price was $16.25 million, or $1,160 per square foot.
Cushman & Wakefield’s Michael DeCheser, Andrew Berry, Mei Ling Wong and Bryan Hurley led the marketing efforts on behalf of seller Alyssa Adams. 538 East Eleventh LLC purchased the property.
“Bathhouse Studios is a one-of-a-kind multilevel space with a rich history,” said DeCheser. “The property is the only first-class freestanding building in the neighborhood featuring an expansive studio, event space, fully renovated residence and landscaped roof deck.”
Built between 1904-1905 and designed in the Neo-Italian Renaissance style, the former public bathhouse was converted into a high-end studio in 1995 by Pulitzer Prize-winning photographer Eddie Adams. The event space has hosted Lamborghini, Vogue, Gucci, Nike, Lacoste, Ketel One Vodka and Ford.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
